Fed Holds Rates Steady, Hints at Easing Monetary Policy Soon – Federal Reserve Chair Jerome Powell signaled that interest rate cuts could begin as early as September, provided the U.S. economy continues on its expected path. – While keeping rates steady at 5.25%-5.50%, the Fed’s statement indicated a softening stance on inflation and a more balanced view of employment risks. Powell emphasized that rate cut decisions would be based solely on economic data and progress towards the 2% inflation target, not political considerations. – This potential shift in monetary policy comes after more than two years of battling inflation and could have significant implications for the economy and the upcoming presidential election. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Central Bankers Converge at Jackson Hole Amid Rate Cut Speculation READ MORE Gold Market at Crossroads: Record Prices Deter Chinese Buyers READ MORE Republic Bank Shuts Down; FDIC Coordinates $10 Billion Asset Transfer to Fulton Bank READ MORE US Consumers Feel the Pinch as Inflation Concerns Linger READ MORE Electric Earthquakes: The Secret Behind Massive Gold Deposits READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment